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I have my data auto-importing from my bank. Shouldn't it all match? Do I still have to do bank reconciliations?

I have my data auto-importing from my bank. Shouldn't it all match? Do I still have to do bank reconciliations?

Updated on November 4, 2015

Yes, we still recommend doing bank reconciliations even if your data is auto-importing and everything looks good. Accounting is not something you can just set and walk away from and while LessAccounting automates a lot of the work so you can focus on actually running your business, we still think you should double check the data every so often. Besides, if all the data is correct, a bank reconciliation should take you less than a minute. (Really!) And if there ever IS a discrepancy in your account, you'll be able to find and fix it very quickly if you know all previous months are correct and reconciled.